India: Ferro vanadium prices edge down in sluggish market
Indian ferro vanadium (FeV 50%) prices inched down by INR 9,750/t ($116/t) w-o-w to INR 1,115,750/t ($13,221/t) exw-Raipur, amid stagnant demand and limited transactions. Manufacturers are facing challenges in offloading inventory due to cost pressures and cautious buyer sentiment. As a result, the market is expected to remain relatively stable in the near term, with minimal price fluctuations.